Nationwide makes overpaying simple — you can do it from the app, Internet Bank, or by bank transfer. Crucially, Nationwide's 10% annual fee-free cap is based on the ORIGINAL loan amount (not the outstanding balance), which is more generous than most lenders later in the term.
You'll be mortgage-free 6 years 9 months earlier
and save £46,940 in interest.
| Without | With overpay | |
|---|---|---|
| Term | 25 years | 18 years 3 months |
| Total interest | £156,277 | £109,338 |
| You save | £46,940 · 6y 9m |
A lower interest rate could save you thousands more on top. See if you could remortgage to a better deal.
We may receive a commission if you remortgage through a partner broker. This never affects the rate you're offered.
Log in, select your mortgage, choose 'Make an overpayment'. Enter the amount and confirm. The overpayment hits your mortgage the same or next working day. Free, instant, no need to phone.
Send a Faster Payment to Nationwide's mortgage account (sort code and account number in your offer document) with your 11-digit mortgage account number as the reference. Allow 1–2 working days for it to apply.
Set up a standing order from any UK current account to your Nationwide mortgage. This is the most common way regular overpayers work — set it once, forget it.
Nationwide lets you overpay up to 10% of the ORIGINAL loan amount each year fee-free during a fix/tracker. On a £200,000 loan, that's £20,000/year — and the £20,000 figure doesn't fall as your balance reduces, unlike at most other lenders.
Above the cap, ERCs of 1–5% apply (tapered by deal length). On SVR, the cap normally drops.
Important: This article is for general information and is not financial advice. Always speak to a qualified UK mortgage adviser before making decisions about overpayments, remortgaging, or your specific mortgage product.